Trader warns: EUR/USD drops to 1.1650 as Trump's 30% tariff threat looms
Key Points
- EUR/USD is currently at 1.1650 amid renewed tariff threats f...
The EUR/USD currency pair is currently sitting at 1.1650, down from its weekly high, and frankly looking about as comfortable as a tourist in a foreign country who just realized they left their wallet at home. Trump's latest threat to slap a 30% tariff on Eurozone goods starting August 1st has traders doing mental gymnastics trying to figure out where this pair is headed next.
Trump's Tariff Tango Returns
Just when everyone thought the trade war drama had settled into a nice, predictable routine, Trump decided to shake things up with fresh tariff threats. The EUR/USD pair hit a low of 1.1...
While we have taken every measure to build an AI pipeline that generates credible and accuracte news, we still encourage you to conduct your own research before making investment decisions. InsAIght's content should not be considered professional financial or trading advice.